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A $120,000 bond bearing interest at 5.5% payable annually is bought four years before maturity to yield 6% compounded semi-annually. If the bond is redeemable

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A $120,000 bond bearing interest at 5.5% payable annually is bought four years before maturity to yield 6% compounded semi-annually. If the bond is redeemable at par, what is the purchase price? The purchase price of the bond is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decima places as needed

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